Shiba Inu Witnesses Largest Spike in Daily Active SHIB Addresses

Vignesh Karunanidhi
Shiba Inu Witness Largest Spike in Daily Active SHIB Addresses

Shiba Inu have grown in popularity over the years. The meme coin has been quite relentlessly working on numerous projects and developments for its community. Recently, Shibarium Puppynet also surpassed 1 million in transactions, hitting a notable milestone.

Also read: Binance: CZ and Influencers Sued for $1B Over Securities Promotion

According to the latest details from analyst Ali Martinez on Twitter, Shiba Inu witnessed a spike in daily active SHIB addresses over the past year. Over 35,788 unique SHIB addresses have interacted on the network.

By the end of March 2023, the SHIB ecosystem had witnessed the highest surge of active addresses that had transacted on the network.

Shiba Inu price remains stable amidst the surge in activities

One thing to be noticed is that the price of Shiba Inu has remained steady with no major volatility recently. According to CoinMarketCap data, Shiba Inu is trading at $0.00001094 at press time. The meme coin is down by 2.66% over the last 24 hours.

The whole cryptocurrency market seems to be less volatile at the moment. Even though there is a surge in activity, the burn rate has also been on the lower side lately. According to Shibburn’s details, the burn rate has dropped by 94% in the last 24 hours. Only 12.2 million SHIB were sent to dead wallets during this period.